Exchange Traded Concepts LLC Increases Stock Holdings in Howmet Aerospace Inc. $HWM

Exchange Traded Concepts LLC increased its position in shares of Howmet Aerospace Inc. (NYSE:HWM) by 144.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,398 shares of the company’s stock after purchasing an additional 6,146 shares during the period. Exchange Traded Concepts LLC’s holdings in Howmet Aerospace were worth $2,040,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of HWM. Brighton Jones LLC raised its position in shares of Howmet Aerospace by 5.4% during the 4th quarter. Brighton Jones LLC now owns 2,548 shares of the company’s stock valued at $279,000 after buying an additional 130 shares during the period. Kestra Advisory Services LLC increased its stake in Howmet Aerospace by 7.3% during the first quarter. Kestra Advisory Services LLC now owns 20,193 shares of the company’s stock worth $2,620,000 after acquiring an additional 1,372 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in Howmet Aerospace by 44.3% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 3,327 shares of the company’s stock valued at $432,000 after purchasing an additional 1,022 shares during the period. Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of Howmet Aerospace by 3,921.4% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,689 shares of the company’s stock valued at $219,000 after purchasing an additional 1,647 shares during the last quarter. Finally, Ieq Capital LLC lifted its stake in shares of Howmet Aerospace by 7.8% in the 1st quarter. Ieq Capital LLC now owns 63,553 shares of the company’s stock valued at $8,245,000 after purchasing an additional 4,616 shares during the last quarter. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently issued reports on HWM shares. TD Cowen boosted their price objective on shares of Howmet Aerospace from $210.00 to $240.00 and gave the company a “buy” rating in a report on Friday, October 31st. Cowen reiterated a “buy” rating on shares of Howmet Aerospace in a research report on Friday, October 31st. Bank of America upped their price objective on shares of Howmet Aerospace from $215.00 to $250.00 and gave the stock a “buy” rating in a report on Friday, November 14th. Royal Bank Of Canada lifted their target price on shares of Howmet Aerospace from $210.00 to $235.00 and gave the company an “outperform” rating in a report on Friday, October 31st. Finally, Susquehanna set a $235.00 target price on Howmet Aerospace and gave the company a “positive” rating in a research report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $218.75.

Howmet Aerospace Price Performance

Howmet Aerospace stock opened at $212.75 on Friday. The company has a quick ratio of 1.14, a current ratio of 2.35 and a debt-to-equity ratio of 0.63. Howmet Aerospace Inc. has a 52-week low of $105.04 and a 52-week high of $212.46. The firm has a market cap of $85.54 billion, a PE ratio of 59.76, a price-to-earnings-growth ratio of 2.43 and a beta of 1.32. The company’s 50 day moving average is $200.70 and its two-hundred day moving average is $188.42.

Howmet Aerospace (NYSE:HWM) last posted its quarterly earnings data on Thursday, October 30th. The company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.04. The business had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.04 billion. Howmet Aerospace had a return on equity of 29.21% and a net margin of 18.18%.The company’s revenue was up 13.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.81 earnings per share. Howmet Aerospace has set its FY 2025 guidance at 3.660-3.680 EPS and its Q4 2025 guidance at 0.940-0.960 EPS. On average, research analysts expect that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 25th. Shareholders of record on Friday, November 7th were given a $0.12 dividend. The ex-dividend date of this dividend was Friday, November 7th. This represents a $0.48 dividend on an annualized basis and a yield of 0.2%. Howmet Aerospace’s dividend payout ratio (DPR) is currently 13.48%.

Howmet Aerospace Profile

Howmet Aerospace Inc is an industrial technology company that designs, manufactures and repairs engineered metal products for the aerospace, transportation and industrial markets. Its product portfolio includes precision castings and forgings, engineered fasteners, seamless rolled rings, and complex components for turbine engines, airframes and industrial gas turbines. The company also provides aftermarket services such as component repair, overhaul and parts distribution to support the operating fleet of commercial and military customers.

Howmet serves a global customer base of original equipment manufacturers (OEMs) and aftermarket operators, with manufacturing, service and distribution facilities across North America, Europe and Asia.